Econpile has likely completed its multi-week accumulation phase, which saw prices retest the 21-day SMA line. This implies a rebound extension is likely developing. A positive bias is expected above MYR0.44, with resistance levels marked at MYR0.50 and MYR0.55. A downside breach of MYR0.44 would cancel this expectation.Malaysian Bulk Carriers could be in the process of extending its multi-month sideways trading range as it crossed above the 21- day SMA line on strong volume following its recent completion of a bottom-building process. A positive bias will likely appear above MYR0.495, with resistance levels pegged at MYR0.55 and MYR0.60. A downside breach of MYR0.495 would negat

Source: RHB Securities Research - 8 Mar 2021